Uniswap UNI Surges 60% Following New Upgrade Proposal
Uniswap’s native UNI has been on the surge in the last 24 hours, following a new proposal for an update for holders. The token gained 60% in value following a pitch by a Uniswap Foundation leader to overhaul the protocol’s decision-making. Erin Koen, the foundation’s lead, proposes to “strengthen and invigorate” Uniswap’s governance. The proposed update would also reward UNI token holders who staked and delegated their tokens. “I believe we should upgrade the protocol so that its fee mechanism rewards UNI token holders that have staked and delegated their tokens,” Erin Koen wrote in an X post. 🧵 Biggest week in Uniswap Protocol Governance… ever? I just proposed a large-scale upgrade to the system. Specifically, I believe we should upgrade the protocol so that its fee mechanism rewards UNI token holders that have staked and delegated their tokens. 🦄 — Erin Koen (@eek637) February 23, 2024 Fo...